Fort Washington Investment Advisors Inc. OH boosted its position in Pebblebrook Hotel Trust (NYSE:PEB) by 48.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,233 shares of the real estate investment trust’s stock after buying an additional 4,300 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Pebblebrook Hotel Trust were worth $427,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in PEB. BlackRock Inc. raised its position in Pebblebrook Hotel Trust by 4,493.2% in the 1st quarter. BlackRock Inc. now owns 7,499,473 shares of the real estate investment trust’s stock valued at $219,060,000 after buying an additional 7,336,199 shares during the last quarter. Brookfield Asset Management Inc. raised its position in Pebblebrook Hotel Trust by 3,466.2% in the 1st quarter. Brookfield Asset Management Inc. now owns 3,551,910 shares of the real estate investment trust’s stock valued at $103,751,000 after buying an additional 3,452,310 shares during the last quarter. Principal Financial Group Inc. raised its position in Pebblebrook Hotel Trust by 156.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock valued at $81,137,000 after buying an additional 1,533,874 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Pebblebrook Hotel Trust by 10.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,476,191 shares of the real estate investment trust’s stock valued at $189,169,000 after buying an additional 586,816 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Pebblebrook Hotel Trust by 313.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 422,291 shares of the real estate investment trust’s stock valued at $13,645,000 after buying an additional 320,034 shares during the last quarter.

WARNING: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/19/fort-washington-investment-advisors-inc-oh-purchases-4300-shares-of-pebblebrook-hotel-trust-peb.html.

Pebblebrook Hotel Trust (PEB) opened at 34.13 on Tuesday. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 124.11 and a beta of 1.24. The firm’s 50 day moving average price is $32.99 and its 200 day moving average price is $31.38. Pebblebrook Hotel Trust has a 52-week low of $23.56 and a 52-week high of $34.93.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $205.72 million during the quarter, compared to the consensus estimate of $199.30 million. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 earnings per share. Equities research analysts anticipate that Pebblebrook Hotel Trust will post $1.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Thursday, September 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 506.68%.

Pebblebrook Hotel Trust announced that its Board of Directors has approved a share buyback plan on Thursday, July 27th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 4.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Several research analysts have weighed in on the company. BidaskClub raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Boenning Scattergood reaffirmed a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Monday, July 31st. ValuEngine lowered Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $35.00 price target on shares of Pebblebrook Hotel Trust in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average price target of $31.92.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

Want to see what other hedge funds are holding PEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pebblebrook Hotel Trust (NYSE:PEB).

Institutional Ownership by Quarter for Pebblebrook Hotel Trust (NYSE:PEB)

Receive News & Stock Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related stocks with our FREE daily email newsletter.